The state reserve cotton transaction is at a high level
With the end of the import of imported cotton resources, the transaction volume and transaction price of the State Reserve Cotton have begun to fluctuate. Analysts pointed out that in September before the listing of new cotton, in the tight market supply pattern, the State Reserve Cotton is still the main force to make up for the market supply gap, the state reserve cotton sales will remain at high levels. Recently, cotton textile enterprises in Shihezi, Kuitun and Akesu reported that raw material stocks such as cotton have been consumed in great quantities, and they are expected to bottom out. We hope that relevant state agencies will increase cotton supply in Xinjiang as soon as possible to meet the needs of textile companies and reduce spinning costs. At present, with the exception of the State Reserve Cotton, the remaining 2015/2016 cotton stocks in Xinjiang's cotton specialty warehouses have a lot of batches, miscellaneous items, and large differences in quality. The quality of spinning yarn is very unstable, plus more than 80% of commodity cotton resources are in the hands of traders. The quotation is high. The phenomenon of low quality and high price of cotton is prominent, and the purchase of cotton textiles is cautious. If the textile enterprises in the Mainland compete with the cotton in the inland state reserve, the cost of automobile transportation and back to Xinjiang will increase substantially (with no subsidies for cotton entering Xinjiang), the direct cost of cotton yarn and grey cloth is obviously higher than that of the mainland textile enterprises, and they are not competitive in product competitiveness. . "China's cotton consumption in 2015/2016 was 7.07 million tons, while cotton consumption in the new year was estimated at 7.29 million tons, and the consumption of cotton had a certain increase. At present, the proportion of summer cotton clothing has increased due to hygroscopicity and winter clothing. The category is basically the same. Overall, the proportion of pure cotton in downstream garments does increase. This is mainly due to the narrowing of polyester-cotton spreads, weakened cost advantages of chemical fiber garments, and the increase in market demand for cotton fibers as high-quality natural fibers. Gao Guoying said in an interview with reporters. The procurement of small and medium-sized textile enterprises is very cautious, and many companies also look to reserve cotton, mainly to look at the price advantage of reserve cotton and policy support. The downstream customers do not recognize the yarn price increase. The increase in cost brought by the increase in cotton price has caused the textile enterprises to be very injured. They are not too optimistic about the domestic yarn prices in the later period. "As of June 17th, the stock of reserved cotton stock was 9,319,500 tons. Therefore, destocking is the general direction. Current textile companies have feedback from various channels for problems arising from the dumping of stockpiles, and have also aroused the attention and attention of relevant departments; the 2015 production cuts, The domestic cotton production will continue to decline in 2016. Based on the above factors, I personally believe that the probability of increasing the reserve throwing power will be very high in the future, the state will improve the pattern of supply and demand through stockpiling, meet the market demand, accelerate the pace of destocking, and reduce cotton costs for textile companies. Improve the competitiveness of textile companies," Yang Zhijiang said. It is understood that traders in Shandong, Henan, and Jiangsu provinces have indicated that the state reserve cotton is not fast, and most cotton companies only make repeated inquiry, comparison, and ordering after looking at the goods. At present, most of the national reserve cotton bundles are batches, and the quantity is not large. The amount of funds needed for a single bundle is small, and the small and medium-sized textile mills are easy to accept. At present, the domestic cotton price rise market is not very recognized, and people in the industry believe that it is the fund pulling the futures price that will cause the spot price to rise. The price is high. Mens Linen Shirts,100% Linen Mens Shirts,Linen Casual Shirts,Linen Cotton Casual Shirt Shaoxing Moonten Trade Co., Ltd , https://www.sxmoonten.com
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